Financed against the machine, not against your balance sheet.
A two-year-old business can finance a $160,000 tractor that no bank would lend $40,000 against unsecured. The asset is the difference.
- Amount
- $10,000 – $1,000,000
- Term
- 2–7 years
- Speed
- Often 2–7 business days
- Cost to apply
- $0
What it is
The equipment being bought is the collateral. That drops the lender’s risk materially, and it’s why equipment financing prices below an unsecured term loan for the same business.
New and used both work: trucks and trailers, kitchen lines, dental chairs, CNC machines, lifts, refrigeration, point-of-sale. Specialist lenders read specialist assets far better than generalists do, and routing the file to one is most of the job.
When it fits
- The asset has a resale market. Something a lender could sell if it had to, which is what makes the rate work.
- It produces revenue. A truck that runs loads, a lift that adds a bay, a chair that adds a column to the schedule.
- You would rather keep the cash. Preserve working capital and lines for operations; let the asset carry itself.
- Useful life beats the term. Still earning in year seven, on a five-year note.
What it is not good for
- It funds the asset and nothing else. No payroll, no inventory, no soft costs beyond delivery and install.
- There’s a lien until it’s paid. You don’t own it outright in the meantime.
- Thin resale markets price like unsecured. Highly specialized kit loses the advantage that makes this cheap.
The part most sites leave out
Questions we get on this one
Can I finance used equipment?
Do I need a down payment?
Can I finance delivery and installation?
What if I haven’t picked the machine yet?
How does this compare with dealer financing?
Common in
- Restaurants & food service Thin margins, daily receipts, and equipment that fails at the worst possible moment.
- Trucking & logistics Fuel and drivers are paid now. Brokers pay in thirty to sixty days.
- Construction & contracting Materials up front, progress billing, retainage held to the end.
- Medical & dental practices Insurance reimbursement is slow, and the equipment is expensive.
Is this the right instrument for you?
That's the advisory question, and it needs your numbers rather than a web page. Send three to six months of statements and we'll tell you which structures your file actually supports.